The company, which is currently headed by Paulo Azevedo, who will be substituted next year by Cláudia Azevedo, announced that the transaction generated an estimated capital gain of €25.3m. Sonae also clarified that with “following this operation, Sonae MC SGPS SA’s freehold ownership is at 46%”.

This transaction is aligned with the company’s strategy concerning the monetization of its real estate assets while it maintains operational flexibility.